Arsenal are keeping tabs on Julian Alvarez's situation at Manchester City.
Atletico Madrid are in talks with City over a fee for the Argentina international, who has intimated a willingness to move this month.
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The Mirror says watching developments are Arsenal, where they remain in the market for a new striker signing.
Gunners chief Edu is trawling Europe for a new striker after being frustrated in an attempt for RB Leipzig's Benjamin Sesko.
City are said to be demanding at least £70m to sell Alvarez.